Zee can participate in IPL e-auction on its own, says MD Punit Goenka

Statement comes as company re-enters sports broadcasting after six years; unlikely to bid along with Sony

Puneet Goenka

While Zee had not specified the deal size or tenure of the contract, industry sources had estimated the deal size to be around Rs 800-900 crore for 10 years, given that the league is new.

Viveat Susan Pinto Mumbai
Zee Entertainment Enterprises (Zee) may bid for the upcoming media rights of the Indian Premier League (IPL) on its own, the company's MD and CEO Punit Goenka told analysts in a call, putting to rest speculation that it would do so along with Sony Pictures Networks India with whom it is merging.

Addressing investor queries, Goenka said the company had a strong balance sheet and could therefore go solo during the e-auction, which is slated for June 12. "We can participate in the IPL tender process on our own. We have a very healthy balance sheet. Certainly, we have the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 01 2022 | 7:01 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com